Alex Lynn
The Dutch manager’s systematic approach to buyout investing helped drive its latest fundraise, which wrapped up in two months.
Market participants remain concerned about the overabundance of dry powder after a first half that delivered the highest level of fund closes since PEI first started tracking data.
Details of the Scandinavian investor’s strategy for Fund IX were revealed in materials presented to a US pension.
Bitcoin has more than doubled in value to $4,425 since 16 July.
Market sources claim the fund had stopped new investments into vehicles focused on the country while Brexit negotiations are underway
Large and mega-funds in the sector have, on average, deployed just $111bn of the $572bn raised over the past five years.
Private equity accounted for 18% of the pension’s C$326.5bn assets as of 30 June.
The $971m GPFG’s current exposure is limited to unlisted companies that intend to seek listing on a recognised marketplace.
The firm’s $4.3bn sale of USI to KKR and CDPQ in May resulted in $563m moving from private equity holdings to cash.
The restructuring specialist predicts record earnings in 2017, with two large exits to be reported in Q3.